Confusion between platforms

I hate to post about this, but I figured I’d try a couple of platforms while I’m learning. I’ve been demoing with oanda and I really like everything, but I was looking at the possibility of a mobile platform, so I loaded up the interbank fx platform and have been playing.

With oanda, everything is there with no question of whats going on. You bring up the trade window, enter your units and it gives you a breakdown of everything. Margin, calculations at your s/l and t/p, etc. When you close a trade, it shows interest calculations between currencies and balance change.

The mt4 with interbank doesn’t seem to show me much. The trade window doesn’t have that nice synopsis of everything that can happen with the trade, nor does it mention anything about interest when you close a trade. You pick units when you open a trade, but I have no idea how much money I’m using in the trade. I don’t know what my margin is set at or anything. I feel like I forgot everything I’ve learned so far when I open mt4. If oanda had a mobile option, I might be sold.

I guess I’d like to focus more on watching candlesticks instead of wondering how much money I’ve just put into a trade.

i was kind of wondering the same thing.

Yep, go to Oanda, google it, download a demo account,
open a market order then play around with various figures.

You can also set up sub accounts with different leverage,
ie 50:1, 20:1, 10:1 (3 different accounts) then plug in the
figures & check for yourself.

The Oanda market order is probably the best device for
getting to grips with this subject.

Remember 100 000 units = 1 standard lot.

I posted this a few days ago in another thread, if you
can remember which leverage you chose for Oanda then
you can work out all the figures for the MT4 platform.

The only figures that will change though are, margin used
(your deposit), for a higher leverage.

Also if you have a mini account with IBFx the figure, 1, in the
volume box is 10 000 units, ($1/pip approx.) therefore 0.1 is
1 000 units (10 cents/pip approx) etc.